https://www.profitconfidential.com/stock-market/dow-jones-industrial-average/dow-jones-industrial-average-fluctuates-ahead-of-fed-meeting/
Dow Jones Industrial Average Fluctuates Ahead of Fed Meeting
Mourad Haroutunian, BA, MA
Profit Confidential
2016-03-14T15:13:51Z
2017-06-15 05:30:49 Dow Jones Industrial AverageDow Jones indexThe Dow Jones Industrial Average swung as investors paused ahead of the U.S. Federal Reserve's meeting on monetary policy this week.
Dow Jones Industrial Average
https://www.profitconfidential.com/wp-content/uploads/2016/03/DOW-Fluctuates-Ahead-of-Fed-Meeting.jpg The Dow Jones Industrial Average, together with S&P 500 and NASDAQ, fluctuated today as investors took a temporary stop in action ahead of the U.S. Federal Reserve's meeting on monetary policy this week.
As of 2:32 p.m. in New York, the Dow Jones Industrial Average was up 0.2% at 17,248.38. The 30-member gauge fell as much as 0.3% to 17,161.16 earlier in the session.
The S&P 500 was down 0.1% at 2,020.95, while the tech heavy NASDAQ Composite was up 0.1% at 4,753.69.
Energy shares in the S&P 500 dropped as U.S. crude oil decreased more than 4%. West Texas Intermediate for April delivery fell 3.4% to settle at $37.18 a barrel.
The Fed is not forecast to hike interest rates at the two-day meeting, which begins tomorrow, but traders will be looking for its view on the economy and clues on the path of future increases.
3D Systems Corporation (NYSE:DDD) stock soared nearly 30% to $14.97 after the 3D-printer maker reported a less-than-estimated 2.2% drop in fourth-quarter revenue despite “challenging and uncertain” market conditions.
Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) gained 8.6% to $76.44 after the U.S. hotel operator received a rival takeover bid from an investor group led by China’s Anbang Insurance Group, potentially derailing a deal with Marriott International Inc (NASDAQ:MAR).
Chipotle Mexican Grill Inc. (NYSE:CMG) were up 2% after a securities filing late Friday showed the company’s bosses now will see their pay linked to share-price performance.
The Fresh Market Inc (NASDAQ:TFM) surged 24% to $28.43 after the U.S. specialty grocery retailer agreed to be acquired by an affiliate of Apollo Global Management for $1.36 billion, completing the specialty grocer’s review of strategic alternatives.
Tesla Motors Inc (NASDAQ:TSLA) rose 4% to $216.10 after the electric car maker received an upgrade from Baird analyst Ben Kallo, who upped his rating to “outperform” from “neutral” and hiked his price target to $300 from $230.
Lannett Company, Inc. (NYSE:LCI) fell 4% to $21.54 after the generic drug maker said it would review its sales forecast for the year after experiencing “unanticipated market softness.”
In commodities, gold futures fell 1.1% to finish at $1,245.10 a troy ounce. May silver surrendered 0.5% to end at $15.521 a troy ounce.
Advancing issues outnumbered declining ones on the Dow Jones Industrial Average by 18 to 12.
The Dow Jones index showed 2 new 52-week highs and no new lows.
The Dow Jones Industrial Average is nearly 10% higher than its February 11 low and 12% higher than its 52-week low of 15,370.33, recorded on August 24.

Dow Jones Industrial Average Fluctuates Ahead of Fed Meeting

By Mourad Haroutunian, BA, MA Published : March 14, 2016

The Dow Jones Industrial Average, together with S&P 500 and NASDAQ, fluctuated today as investors took a temporary stop in action ahead of the U.S. Federal Reserve’s meeting on monetary policy this week.

As of 2:32 p.m. in New York, the Dow Jones Industrial Average was up 0.2% at 17,248.38. The 30-member gauge fell as much as 0.3% to 17,161.16 earlier in the session.

The S&P 500 was down 0.1% at 2,020.95, while the tech heavy NASDAQ Composite was up 0.1% at 4,753.69.

Energy shares in the S&P 500 dropped as U.S. crude oil decreased more than 4%. West Texas Intermediate for April delivery fell 3.4% to settle at $37.18 a barrel.

The Fed is not forecast to hike interest rates at the two-day meeting, which begins tomorrow, but traders will be looking for its view on the economy and clues on the path of future increases.

Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) gained 8.6% to $76.44 after the U.S. hotel operator received a rival takeover bid from an investor group led by China’s Anbang Insurance Group, potentially derailing a deal with Marriott International Inc (NASDAQ:MAR).

Chipotle Mexican Grill Inc. (NYSE:CMG) were up 2% after a securities filing late Friday showed the company’s bosses now will see their pay linked to share-price performance.

The Fresh Market Inc (NASDAQ:TFM) surged 24% to $28.43 after the U.S. specialty grocery retailer agreed to be acquired by an affiliate of Apollo Global Management for $1.36 billion, completing the specialty grocer’s review of strategic alternatives.

Tesla Motors Inc (NASDAQ:TSLA) rose 4% to $216.10 after the electric car maker received an upgrade from Baird analyst Ben Kallo, who upped his rating to “outperform” from “neutral” and hiked his price target to $300 from $230.

Lannett Company, Inc. (NYSE:LCI) fell 4% to $21.54 after the generic drug maker said it would review its sales forecast for the year after experiencing “unanticipated market softness.”

In commodities, gold futures fell 1.1% to finish at $1,245.10 a troy ounce. May silver surrendered 0.5% to end at $15.521 a troy ounce.

Advancing issues outnumbered declining ones on the Dow Jones Industrial Average by 18 to 12.

The Dow Jones index showed 2 new 52-week highs and no new lows.

The Dow Jones Industrial Average is nearly 10% higher than its February 11 low and 12% higher than its 52-week low of 15,370.33, recorded on August 24.

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